Hut 8 Corp. (NASDAQ: HUT) signs 15-year 245 MW lease with Google backstop

Rhea-AI Filing Summary

Hut 8 Corp. disclosed that it has entered into a 15-year lease agreement with a subsidiary of Fluidstack Ltd. for 245 megawatts of IT capacity at its River Bend data center campus in Louisiana. The arrangement is supported by a financial backstop from Google LLC covering all rent and certain other financial obligations under the lease, which helps secure the long-term economics of the deal.

The company also released a detailed press release and an investor presentation describing these transactions, both dated December 17, 2025 and filed as exhibits to the report.

Insights

Data center and infrastructure analyst

Hut 8 secures a 15-year, 245 MW data center lease backed by Google.

Hut 8 Corp. has entered into a 15-year lease with a subsidiary of Fluidstack Ltd. for 245 megawatts of IT capacity at its River Bend data center campus in Louisiana. This represents a large, long-duration utilization commitment for the site, indicating that the campus is being positioned for substantial compute workloads.

The agreement is notable because Google LLC is providing a financial backstop for all rent and certain other financial obligations under the lease. That structure helps reduce counterparty and payment risk for Hut 8, as a highly rated technology company is standing behind key financial terms.

The company has also issued a press release and investor presentation dated December 17, 2025 to explain the transactions. Those materials likely detail capacity ramp, operational milestones, and economics, and future company filings can provide additional clarity on revenue contribution and capital requirements as the lease progresses over its 15-year term.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 17, 2025

Hut 8 Corp.
(Exact name of registrant as specified in its charter)

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Delaware	001-41864	92-2056803
(State or other Jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

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1101 Brickell Avenue, Suite 1500, Miami, Florida	33131
(Address of Principal Executive Offices)	(Zip Code)

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Registrant’s Telephone Number, Including Area Code: (305) 224-6427

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading	Name of each exchange on which registered
Common Stock, par value $0.01 per share	HUT	The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 8.01Other Events.

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On December 17, 2025, Hut 8 Corp., a Delaware corporation (the “Company”), issued a press release (the “Press Release”) announcing that it entered into a 15-year lease agreement with a subsidiary of Fluidstack Ltd. (“Fluidstack”) for 245 megawatts of IT capacity at the Company’s River Bend data center campus in Louisiana, along with certain related transactions, including a financial backstop provided by Google LLC for all rent and certain other financial obligations under the lease agreement (the “Transactions”). A copy of the Press Release is included herewith as Exhibit 99.1 and is incorporated herein by reference.

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On December 17, 2025, the Company also released an investor presentation regarding the Transactions (the “Investor Presentation”). A copy of the Investor Presentation is included herewith as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits.

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Exhibit No.	Description.
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99.1	Press Release, dated December 17, 2025
99.2	Investor Presentation, dated December 17, 2025
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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​	​ ​ ​	HUT 8 CORP.
​	​	(Registrant)
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Date: December 17, 2025	​	​
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​	​	By:	/s/ Victor Semah
​	​	​	Name:	Victor Semah
​	​	​	Title:	Chief Legal Officer

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FAQ

What major agreement did Hut 8 Corp. (HUT) announce on December 17, 2025?

Hut 8 Corp. announced that it entered into a 15-year lease agreement with a subsidiary of Fluidstack Ltd. for 245 megawatts of IT capacity at its River Bend data center campus in Louisiana.

What role does Google LLC play in Hut 8 Corp.'s new lease agreement?

Google LLC is providing a financial backstop for all rent and certain other financial obligations under the lease agreement between Hut 8 Corp. and the Fluidstack subsidiary.

Where is the data center involved in Hut 8 Corp.'s lease with Fluidstack located?

The lease covers IT capacity at Hut 8 Corp.'s River Bend data center campus in Louisiana.

How much IT capacity is included in Hut 8 Corp.'s lease with the Fluidstack subsidiary?

The lease agreement covers 245 megawatts of IT capacity at the River Bend data center campus.

Did Hut 8 Corp. release additional materials about the Fluidstack and Google transactions?

Yes. Hut 8 Corp. released a press release and an investor presentation regarding the transactions, both dated December 17, 2025 and filed as Exhibits 99.1 and 99.2.

What exhibits did Hut 8 Corp. file in connection with the Fluidstack lease and Google backstop?

Hut 8 Corp. filed Exhibit 99.1 (Press Release, dated December 17, 2025), Exhibit 99.2 (Investor Presentation, dated December 17, 2025), and Exhibit 104 (Cover Page Interactive Data File).